Book Industry: Creative Destruction?

Posted: November 15, 2014 in Uncategorized

Capture d’écran 2014-11-15 à 15.37.10

Some believe the printed book industry is being disrupted like the music industry. Others claim that printed books will survive and thrive.

Back in 2011,  The Economist magazine predicted in the following article that the book industry was being transformed by digital disruption: “Disappearing Ink“. Was this prediction correct?

There can be little doubt that Amazon now dominates the book industry.  See this article, “How Amazon Brought Publishing to Its Knees“. One of Amazon’s first victims was the Borders book chain, which went bankrupt. Here is an explanation why: “5 Reasons Borders Went Out of Business“.

What about printed books vs ebooks? See this PEW Research study and the chart below for printed vs ebooks in the United States.

chartoftheday_5714_book_reading_in_the_united_states_n

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